REE has appointed seasoned veterans Ms. Michal Brikman and Ms. Lilach Geva-Harel, who bring a wealth of public company financial, corporate governance and sustainability expertise. The board also announced the resignation of Mr. Ari Raved from REE’s board after more than seven years of distinguished service.

Daniel Barel, REE Co-Founder and CEO: “As REE continues to grow and execute on our business plan, we welcome new independent board members who will contribute to the efforts to guide our vision and realize our goal of becoming the cornerstone of e-mobility. Lilach and Michal bring to their role as independent directors strong and diverse expertise and leadership across the mobility, technology, energy and financial industries, and we are grateful to Ari for his many years of service, strategic guidance, and role in growing REE to a public company. I look forward to continue working with our Board of Directors and executing our ESG vision as we advance towards commercialization and drive toward a zero-emissions future.”

Lilach Geva-Harel leads global compliance as well as regulatory and government relations as EVP and Global General Counsel of ICL Group (NYSE: ICL), a global specialty minerals company. She has more than two decades of leadership experience advising boards, leading corporate governance and operating in complex regulatory environments.

Michal Brikman specialises in financial and business structures, business deals and corporate governance, serving as a board member for Partner Communications (NASDAQ: PTNR). She has significant experience on public company boards, including positions that include Head of the Technology Committee for Union Bank, and Head of the Audit, Finance and Compensation Committees for Israel’s largest public institutional investment houses.

www.ree.auto

About REE

REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 - for any application and any target market. Our revolutionary, award-winning REEcorner technology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Designed to be fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance.

Headquartered in Tel Aviv, Israel, REE has subsidiaries in the U.S., the UK, Japan and Germany, and the company plans to open a U.S. headquarters and first integration center in Austin, Texas. REE has a unique CapEx-light manufacturing model that leverages its Tier 1 partners’ existing production lines. REE’s technology, together with their unique value proposition and commitment to excellence, positions REE to break new ground in e-Mobility.